The Board of Directors of China Overseas Land & Investment Ltd. announced that effect from August 6, 2013, resignation of Mr. Kong Qingping (Mr. Kong) as an Executive Director of the company and consequently will cease to be the Chairman of the company; Mr. Hao Jian Min (Mr. Hao) be elected as Chairman of the company to fill the vacancy; and appointment of Mr. Chen Yi (Mr. Chen) as an executive director of the company. Hao Jian Min joined China State Construction Engineering Corporation in 1987 and in USA. Mr. Hao joined China State Construction Engineering Corporation in 1987 and joined the Group in 1989.

He was appointed director of a subsidiary of the Group in 1997 and certain others subsequently. Mr. Hao was appointed Executive Director of the Company in September 2005 and Vice Chairman of the Company in November 2006. In June 2007, he was appointed as Chief Executive Officer of the Company.

Mr. Hao was a member of the Remuneration Committee of the Company from 22 March 2007 to 11 August 2012 and was also the Chairman of such committee from 22 March 2007 to 1 February 2009. Chen Yi is a senior engineer and a member of the Chartered Institute of Building (UK). Mr. Chen joined China State Construction Engineering Corporation in 1993 and had been the engineer, project manager, departmental manager, deputy general manager of CSCEC Construction Company Ltd., the managing director, executive vice president of China State Construction International Company.